Greek stocks ended slightly higher in the Athens Stock Exchange on Tuesday as the market tried to assess the Eurogroup’s decisions on Greece and the impact of short-term measures on debt relief. The composite index of the market rose 0.36 pct to end at 622.52 points, off the day’s highs of 1.01 pct. The Large Cap index ended 0.20 pct higher and the Mid Cap index rose 0.02 pct. Turnover was a low 50.271 million euros in volume of 114,318,430 shares.
The Greek ad market fell in 2015, a survey by IBHS SA said. Alexis Nikolaidis, Economic Research & Sectorial Studies Senior Analyst, said: "2015 was marked by political and economic instability caused by two elections, a prolonged negotiation with creditors, a bank holiday and the imposition of capital controls in July. These negative conditions created a climate of uncertainty, bringing ad spending back to lower levels, with an annual decline of 8.0 pct".
Greek Economy and Develoment Alternate Minister Alexis Charitsis on Tuesday approved the inclusion of two new funding tools to a Public Investment Program, worth 1.5 billion euros to be covered by public and private funds.
Greek stocks ended higher in the first trading session of the week in the Athens Stock Exchange on Monday, following an upward trend prevailing in other European markets which seemingly ignored a “No” victory in an Italian poll on Sunday. The composite index of the market rose 1.03 pct to end at 620.29 points, off the day’s highs of 626.14 points. The Large Cap index rose 0.81 pct and the Mid Cap index ended 1.48 pct higher. Turnover was a low 60.573 million euros in volume of 119,817,337 shares.